July’s Industry Dynamics Revealed in New Crypto Report

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July’s Industry Dynamics Revealed in New Crypto Report
The latest CORindex crypto report is titled “July 2019 Cryptocurrencies Transactions and Activity” and it features key data any analyst or investor in this space will need to know to make decisions about their assets.
July’s Industry Dynamics Revealed in New Crypto Report

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Source: CoinSpeaker

Binance’s research points to similarities between Litecoin and Dogecoin in wake of upcoming halving

Binance Research, the research arm of the world’s largest cryptocurrency exchange recently released a report titled “Case Study: Merged Mining in Dogecoin and Litecoin”, which talked about specific methods for the cryptocurrencies to survive their upcoming block reward halvings. The research primarily focused on the concept of merged mining, a form of mining that transfers […]
The post Binance’s research points to similarities between Litecoin and Dogecoin in wake of upcoming halving appeared first on AMBCrypto.
Source: AMB Crypto

Last Month in Crypto: June’s Major Statistics

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Last Month in Crypto: June’s Major Statistics
Learn how the top crypto markets changed in the latest CORindex report, which covers key metrics like average rate, volatility, transaction volume, and other stats any serious cryptocurrency investor will want to familiarize themselves with.
Last Month in Crypto: June’s Major Statistics

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Source: CoinSpeaker

This Week in Cryptos: Binance to Support Dogecoin while Cuba Looks towards Cryptos

Key highlights

Blockstream launch atomic swaps
Dogecoin jumps on Binance Listing
Cuba looks at cryptos to tackle the USA
eToro add ERC-20 tokens to the wallet
Electrum Wallet adds Lightning
Record June for CME BTC Futures

Blockstream launch atomic swaps
In an experimental move this week, Blockstream has created a tool for atomic swaps which is labeled as Liquid Swap Tool. This tool is believed to enable users to trade “trustlessly” easily between tokens launched on its Liquid sidechain. Blockstream plans to use “atomic swaps,” that will serve as the backbone for its newer decentralized exchanges which is currently in development. This specific atomic swap tool is specifically geared for tokens launched on Liquid, a sidechain that’s pegged to bitcoin.
Dogecoin jumps on Binance Listing
Coin listings on prominent exchanges are events that have a positive impact on a coin’s price. That what happened to Dogecoin this week when Binance announced listing of this altcoin. This lead an outstanding 37% price surge. Binance stated in a support notice and via GIF on Twitter that it would commence trading of DOGE at 12:00 GMT on Friday 5 July.At launch, Binance will offer five trading pairs for DOGE including Binance Coin (DOGE/BNB), Bitcoin (BTC), Tether (USDT), Paxos Standard (DOGE/PAX) and USD Coin (DOGE/USDC).
Cuba looks at cryptos to tackle the USA
This week, geo political crises did force a country to turn to cryptos. According to Reuters, Cuba is exploring to use cryptocurrency to avoid U.S.-imposed sanctions. In a public address, Cuba’s President Miguel Diaz-Candel said the plan will raise capital for about a fourth of the population and help pay for reforms. Cuba has felt the waves of financial dismay from Venezuela, which prior to its own economic calamity, was a major source of aid.
eToro add ERC-20 tokens to the wallet
eToro, the social trading and investment platform, has taken another step in its crypto offerings. Its crypto company eToroX announced that it had added 5 Ethereum tokens to the eToro wallet. It is just the first series out of the total 120 Ethereum standard tokens that the firm plans to add to their wallet. The first 5 tokens which have been launched are BAT (Basic Attention Token), MKR (Maker), OMG (OmiseGO), eToro USDX (US DollarX), and eToro EURX (EuroX). The last two tokens of the five listed are stablecoins of eToro.
Electrum Wallet adds Lightning
This week, another wallet added support to Bitcoin’s Lightning Network and its Electrum. According to the latest news, the popular wallet service Electrum has decided to soon to add support for bitcoin’s lightning network. Electrum’s founder Thomas Voegtlin who was speaking BIP001 blockchain event in Odessa, Ukraine, announced that work on the solution for sending lightning transactions with the Electrum wallet is now close to its official release.
Record June for CME BTC Futures
The rise in the crypto market also showed its impact on CME Bitcoin Futures. This week, the CME Group has seen a record massive surge in open interest for Bitcoin Futures contracts. While this surge is considered healthy, many on the street are connecting this towards rising institutional participation. With the growing institutional demand, the open interest for Bitcoin Futures has reached a record of 6069 contracts in June. Moreover, as on June 26, the notional value of Bitcoin Futures traded has hit a record $1.7 billion.
Note: This article is the rework of the thoughts put forward by Anthony Pompliano.
The post This Week in Cryptos: Binance to Support Dogecoin while Cuba Looks towards Cryptos appeared first on Coingape.
Source: CoinGape

BNB is Fragile Despite Binance Listing Dogecoin and USDT Address Shift

Binance Coin (BNB) down 4.5 percent
Dogecoin listed at Binance, shift USDT addresses compliant with ERC-20 standards

Drawing attention, Binance listing of DOGE is bullish. The altcoin has the support of John McAfee as well as Elon Musk. For Binance clients, USDT addresses are now ERC-20 compliant following the shift on July 4. Meanwhile, BNB prices are flat above $30.
Binance Coin Price Analysis
Fundamentals
The crypto ecosystem is evolving, and so are crucial appendages that make cryptocurrency a thriving industry. Top of the list is Binance. Irrefutably the world’s largest exchange by adjusted trading volumes, the ramp is not short of controversies.
Even so, it is crucial for the general well being of the space. A top liquidity provider and improving, it plans to introduce margin trading to take on BitMex. Although it is attractive as traders can borrow to speculate on asset prices, it is equally dangerous. Margin calls are prevalent.
Presently, the general buzz is their unexpected listing of Dogecoin. Supported by industry leaders including Elon Musk and the controversial but vocal Bitcoin bull, John McAfee, the listing of DOGE at Binance is the end of “discrimination.”
For a project that began as a joke, the listing is a liquidity boost and an endorsement of what their founder, John Palmer, has been doing. International traders at Binance will now have more options. DOGE will trade against BNB, BTC and three other stable coins including PAX and USDT.
Then again, Binance Chain plans to upgrade their mainnet on July 15. Aside from that Binance shifted their USDT addresses from Omni to ERC-20 in a 30 minutes downtime on July 4.
Candlestick Arrangement

At the time of writing, BNB prices are all over the place. By printing dojis above the main support line at $30, there is an apparent weakness. On top of that, the lack of a definitive trend direction after a solid first half of 2019 is revealing of fractures.
Nonetheless, despite fragilities, the path of least resistance is northwards. However, that is mainly dependent on whether prices will oscillate above $30 or even print above June 2019 highs at the back of increasing participation.
From previous BNB/USD trade plans, any upswing above $43 could see BNB more than double to $75 in the next few months. Conversely, liquidation below $30 with a differentiating breakout candlestick buoyed by ultra-high trading volumes could mean disintegration to $25 or lower.
Technical Indicators
In light of the above, June 14 bear candlestick is leading. Any break above $43 or $30 must be with high trading volumes above 4.9 million. Depending on the breakout direction, such a distinctive bar will define the short to medium term price trajectory.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
The post BNB is Fragile Despite Binance Listing Dogecoin and USDT Address Shift appeared first on NewsBTC.
Source: New feedNewsBTC.com

Dogecoin [DOGE] Price Analysis: DOGE Forms A High Low Pattern After a 35% Rise;

Dogecoin skyrockets following Binance listing news.
Dogecoin was consolidating within a narrow range between $0.0030 and $0.0035.

Dogecoin defied the bear pressure on the market on Friday to record formidable gains. The ballistic rise mainly driven by the news of listing on the largest exchange by adjusted daily trading volume, Binance. The listing on Binance comes barely a couple of months after Coinbase added it to the user-controlled wallet (non-custody wallet).
Prior to the ballistic gains that caught everyone by surprise, Dogecoin was consolidating within a narrow range between $0.0030 and $0.0035. The 35% rise in value made DOGE/USD the best performing pair on the crypto market. The correction above both the 100 Simple Moving Average (SMA) and the 100 Exponential Moving Average (EMA) gave the price a boosts in an engulfing candlestick that scaled the levels beyond the 61.8% Fib retracement level taken between the last drop from $0.04840 to a low around $0.002815.
DOGE/USD 4-h chart
Doge Coin Price | Chart source: Tradingview 
Dogecoin corrected towards $0.0050 but formed a new high at $0.004840 before retreating below the 38.2% Fib level. At press time, Dogecoin is trading at $0.003766 after finding support at $0.0035 on the day.
The current technical picture has a bullish bias. The Moving Average Convergence Divergence (MACD) is sitting comfortably in the positive. After rising to levels around +0.00015, the divergence is decreasing as a sign of retreat. The Relative Strength Index (RSI) has dived after being ejected from the overbought region. As long as the RSI can stay above the average, Dogecoin has the potential to correct higher forming higher low pattern after the impressive gains.
Initial support is seen at $0.0035 while the 23.6% Fib retracement level will offer support in case of declines progress. Other support levels to look out for include $0.0030 and $0.0025.
The post Dogecoin [DOGE] Price Analysis: DOGE Forms A High Low Pattern After a 35% Rise; appeared first on Coingape.
Source: CoinGape

Dogecoin registers massive one-hour green candle and breaks 262-day high after Binance announcement

Dogecoin, the cryptocurrency conceptualized as a meme and created by Jackson Palmer, took off successfully during the 2017 frenzy. However, it has been revived again recently due to Binance’s latest announcement. DOGE surged and pumped from a mere $0.03015 to $0.0495 in an hour after Binance tweeted, “#Binance Will Dogecoin ( $DOGE)” In a detailed […]
The post Dogecoin registers massive one-hour green candle and breaks 262-day high after Binance announcement appeared first on AMBCrypto.
Source: AMB Crypto

Dogecoin [DOGE] receives wallet support on Coinbase; notes 17% hike since Jan 2019

The cryptocurrency market observed a sideways trend for most major currencies in the top 10, at press time. However, Dogecoin [DOGE] has had a good quarter, since it recorded a 17% hike in its price since the beginning of 2019. The popular meme-coin recently received support on Coinbase Wallet.
Coinbase Wallet announced the news through a Medium blog on May 1 that read,
“Starting today, you can now store your Dogecoin (DOGE) directly in the Coinbase Wallet app.”
The wallet that already supports major coins like Bitcoin [BTC], Ethereum [ETH], Bitcoin Cash [BCH], Ethereum Classic [ETC], XRP, and Stellar Lumens [XLM], claimed that this was an “important next step.”
Dogecoin [DOGE] recently saw a rally that took its price to $0.0037 on April 4. Since then, the coin has been falling. At press time, the altcoin was priced at $0.0025 with a market cap of $302 million. The 24-hour trading volume of the coin was $28 million, while registering a fall of 0.36% over the hour. Over the past seven days, DOGE fell by 1.76%, but managed to register a growth of 1.02% over the past 24 hours.
The coin started 2019 with a valuation of $0.0023, and was valued at $0.0027 at press time, which indicates a 17.47% price jump. The coin was highly traded on CoinEgg, with DOGE/BTC pair registering a volume of $3.78 million. Fatbtc took second place as it reported a volume of $3.32 million with DOGE/CNY pair. P2pB2B followed the exchanges, noting a volume of $2.96 million via DOGE/USD pair.
The post Dogecoin [DOGE] receives wallet support on Coinbase; notes 17% hike since Jan 2019 appeared first on AMBCrypto.
Source: AMB Crypto

Changpeng Zhao Proposes Cryptocurrency Named SpaceXcoin to Elon Musk

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Changpeng Zhao Proposes Cryptocurrency Named SpaceXcoin to Elon Musk
Crypto community has made numerous attempts to lure SpaceX’s and Tesla creator Elon Musk into the crypto family. The latest try comes from Binance’s CEO offering Musk make his own coin called ‘SpaceXcoin’.
Changpeng Zhao Proposes Cryptocurrency Named SpaceXcoin to Elon Musk

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Source: CoinSpeaker

Elon Musk Just Kidding with the ‘Ethereum’ Tweet; Crypto-Twitter Goes Hysteric Anyway

Elon Musk, one of the most successful entrepreneurs and brightest minds of the 21st century is looked up to for a lot of reasons. The CEO of SpaceX and Tesla needs no introduction almost everywhere in the world. He has 26.2 million followers on Twitter and more often than not Musk indulges in light-hearted banter with the Twitter community.
Crypto-Twitter (CT), on the other hand, is known for its hysterics. Any cryptocurrency related tweet be it allegations, opinions, or news invites an avalanche of tweets and it spreads like fire.
Elon Musk once again put this fact to test on early morning 30th April 2019. He just tweeted the name of one of the most popular cryptocurrencies, and CT went in a frenzy as expected. It was re-tweeted more than 3000 times in only 2 hours.

Ethereum
— Elon Musk (@elonmusk) April 30, 2019

However, he had also followed the Tweet with a reply saying:

jk
— Elon Musk (@elonmusk) April 30, 2019

Vitalik Buterin, the co-founder and lead figurehead of Ethereum was delighted by the joke, invited Elon to the Ethereum DevCon.
You should come to our Devcon in October 🙂
The Twitter thread grew longer with each passing minute, as Justin Sun came to shilling Tron and Bittorrent. A similar tweet was sent by Gabor Gurbacs, the CEO and Digital Asset Director at VanEck also sent a two-word reply shilling his favorite coin.

No. #Bitcoin
— Gabor Gurbacs (@gaborgurbacs) April 30, 2019

It is sort of building up as an inside joke between Elon and the Crypto-community because this isn’t the first time for Elon. Earlier Elon this year Elon had mentioned that Dogecoin was his favorite cryptocurrency. In the turn of events that followed, rather not surprisingly, the price of Dogecoin started gaining extreme momentum in the following days. Elon Musk, due to his entrepreneurial brilliance and being the founder of Paypal has also been occasionally dubbed as ‘Satoshi Nakamoto.’
Nevertheless, the strong conviction and optimism of the Crypto-Twitter community have been unshaken in the face of negative market sentiments and criticism. Elon Musk has also been drawn towards it with a positive outlook.
Also read: Elon Musk Believe Bitcoin is Better Than a Paper Money, Calls it ‘Quite Brilliant Structure’
Furthermore, the cryptocurrency fanatics are always wary of big movements in the market. Any positive or negative piece of news has a considerable impact on the price of the cryptocurrency almost instantly. This highlights the vulnerability of the markets, currently. However, it wasn’t witnessed on this occasion as the price of Ethereum is still below $160. Hence, no resistances have been tested yet.
Do you think that the markets are becoming stronger and stabler with time or vulnerability still exists? Please share your views with us. 
The post Elon Musk Just Kidding with the ‘Ethereum’ Tweet; Crypto-Twitter Goes Hysteric Anyway appeared first on Coingape.
Source: CoinGape

Binance Research: XRP Best Diversifier, Bitcoin and Ethereum Most Correlated

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Binance Research: XRP Best Diversifier, Bitcoin and Ethereum Most Correlated
Binance published their new Research Report in which they took on a different approach in understanding crypto assets. The research showed Bitcoin and Ethereum move in lockstep and the XRP price is the least correlated to other top cryptoassets.
Binance Research: XRP Best Diversifier, Bitcoin and Ethereum Most Correlated

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Source: CoinSpeaker

Dogecoin’s [DOGE] Jackson Palmer takes a social media hiatus; deletes YouTube channel, goes private on Twitter

Twitter has been a platform for a lot of controversies in the cryptocurrency space, mainly because of clashes between proponents and discussions on the latest technological developments. The latest tectonic shift in the crypto Twitterverse was related to Jackson Palmer, the creator of Dogecoin [DOGE], and his actions on social media handles.
Eagle-eyed users noticed that Palmer first removed videos and other content from his YouTube channel, after which he made his Twitter account private. Though no solid reason can be attributed to the computer programmer removing his profile, some users online speculate that it was done after Palmer received a lot of backlash after a recent discussion.
Ar_crypto, a cryptocurrency enthusiast, commented:
“On Twitter, he had a skeptic – analytic position about cryptocurrency and blockchain and it was always refreshing to many, myself included, to listen to his opinion and for that he had many followers and he managed to produce a lot of quality conversation. But more recently he focused more on other issues like identity politics for which he got a lot of negative replies as one would expect. That probably influenced his decision to delete Twitter as well as the prevalent tribal mentality in many cryptocurrency communities.”
Palmer himself had given an explanation for deleting his YouTube channel, citing the reason as other users impersonating him online for nefarious activities. Palmer had been in the news earlier when he had exchanged notes with Elon Musk on Twitter about stopping bots spamming user’s feeds. In response to Musk’s request to get rid of the spammers, Palmer had tweeted:
“If you DM me (your DMs aren’t open), I’ll send you the script – it’s short, simple and you just run it with cron somewhere.”
The post Dogecoin’s [DOGE] Jackson Palmer takes a social media hiatus; deletes YouTube channel, goes private on Twitter appeared first on AMBCrypto.
Source: AMB Crypto

Binance’s Trust Wallet Adds Elon Musk’s Favorite Cryptocurrency

Binance’s official blockchain wallet ‘Trust Wallet’ has recently listed Dogecoin (DOGE) cryptocurrency. DOGE is presently the 26th largest cryptocurrency on Coinmarketcap.
Trust Wallet Adds DogeCoin
Announced on April 17, 2019, via Trust wallet’s official blog, DOGE cryptocurrency is now available with other leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin, and more. Trust Wallet’s founder Viktor Radchenko sees DOGEcoin as the ‘decentralized, peer-to-peer digital currency’. Concerning DOGE’s support, Radchenko says that;
“Adding Dogecoin boiled down to these 3 major points: Very Science. Many Community. So Amaze !!”
Source: Coinmarketcap
 
Since past few days, DOGE was on breaking headlines with the famous public figure ‘Elon Musk’ CEO of Tesla’. As coingape reported, Elon Musk, for a short span, appeared to be DOGE Coin’s CEO which soon after pushed the price of DOGE to an increasing graph. However, Trust Wallet’s latest DOGE listing is the result of an earlier poll which showed DOGEcoin as the second highest ranked coin with an increasing demand among trust wallet users.
Per the Twitter handles of TrustWallet on April 10, 2019, DOGEcoin bagged the second rank with 28% – wherein Cardano ranked first with 35%, NEO with 19% and EOS with 17% respectively.
Source: Coinmarketcap
The blog further reads that they have reached out Elon Musk to discuss this matter but left out without any response – as he said, ‘he left the company’.
DOGE at press time sits at 26th spot with an average trading volume $336,268,650. The coin is declining with 0.19 % over the past 24 hours which affects its trading value against USD. Consequently, the coin is presently trading at a value of $0.002823.
Nevertheless to note that Huobi exchange also made an announcement of listing DOGEcoin on April 03, 2019. Huobi’s announcement indeed comes in a wake of Musk’s comment towards DOGE as favorite crypto. In addition, Frank Fu, the CEO of Huobi Global also embraced DOGE and calls it as ‘darling of the cryptocurrency community’. He said;
“Dogecoin has become the darling of the cryptocurrency community with an impressive market cap that currently exceeds USD 350 million,”
So readers, what do you think about Binance’s Trust wallet listing Dogecoin? Share your thoughts with us.
The post Binance’s Trust Wallet Adds Elon Musk’s Favorite Cryptocurrency appeared first on Coingape.
Source: CoinGape

Elon Musk: ‘Crypto is a Far Better Way to Transfer Value than Pieces of Paper, That’s for Sure’

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Elon Musk: ‘Crypto is a Far Better Way to Transfer Value than Pieces of Paper, That’s for Sure’
Saying that ‘paper money is going away’, Musk explained that cryptos are a far better way of transferring value as opposed to traditional money.
Elon Musk: ‘Crypto is a Far Better Way to Transfer Value than Pieces of Paper, That’s for Sure’

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Source: CoinSpeaker

Dogecoin [DOGE] – Huobi Exchange Listed Elon Musk’s Favorite Cryptocurrency

Dogecoin (DOGE) is gaining a massive interest from exchanges like Huobi. The meme-coin has recently been famous as Elon Musk’s favorite cryptocurrency which might have influenced Huobi exchange to list it on its trading platform. At the moment, the coin has jumped from its 24th position to 23rd position.
Elon Musk’s move of updating his bio as ‘former CEO of Dogecoin’ have got the mainstream attention – moreover, his love for Dogecoin (DOGE) has soared the value of coin within a couple of hours. Although the present value of Dogecoin is declined with 8.46% over the past 24 hours, its leap in terms of market capitalization is quite remarkable. Per the Coinmarketcap (CMC), DOGE is presently the 23rd largest cryptocurrency after defeating VeChain from its 24th position.

Huobi Global Launched Dogecoin (DOGE)
Announced on April 04, 2019, Huobi global is offering DOGE trading in multiple pairs including DOGE/USDT, DOGE/BTC, and DOGE/ETH. DOGEcoin deposit began from April 4, 9:00, 2019 (GMT+8) whereas withdrawals made available from 17:00, April 4, 2019 (GMT+8).

To celebrate Dogecoin listing, Huobi exchange announced the giveaway on top of deposit and trading of newly listed crypto. It says ‘Deposit & trade to win your share of 10M dogecoins’. Per the report, the double campaign (deposit and trading) rolled out from April 04 and will lapse on April 14 (GMT+8). Accordingly, the deposit campaign contains 6 million DOGE whereas trading campaign involves 4 million DOGE.
To participate and win, one must have verified account at Huobi Global exchange. The blog reads that;
During the promotion, any verified users who deposit DOGE to Huobi Global can share 6 million DOGE in total proportionate to their DOGE net deposit volume (DOGE net deposit volume = DOGE deposit volume – DOGE withdrawal volume).
During the promotion, any verified users who trade DOGE on Huobi Global can share 4 million DOGE in total proportionate to their DOGE trading volume (trading volume = buying + selling volume, excluding self-trading volume).
What do you think of Huobi’s interest in listing DOGE Coin? Let us know in the comment section below.
The post Dogecoin [DOGE] – Huobi Exchange Listed Elon Musk’s Favorite Cryptocurrency appeared first on Coingape.
Source: CoinGape